Commodity Prices

Gold •20 mins	1,980.30	-1.80	-0.09%
Platinum •20 mins	1,001.50	+2.50	+0.25%
WTI Crude •10 mins	68.48	+0.39	+0.57%
Gasoline •10 mins	2.449	+0.005	+0.21%
Ethanol •9 hours	2.161	+0.000	+0.00%
Silver •20 mins	23.61	+0.02	+0.10%

Silver • 20 mins	23.61	+0.02	+0.10%
Copper • 20 mins	3.688	+0.051	+1.40%
Brent Crude • 10 mins	73.08	+0.48	+0.66%
Natural Gas • 10 mins	2.260	-0.006	-0.26%
Heating Oil • 10 mins	2.264	+0.013	+0.58%

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GBP/USD – Uncharted Area

By - Oct 04, 2016, 6:28 AM CDT

GBP/USD has broken key support at 1.2789. There is no real support below 1.2775. Resistance is located at 1.2873 (03/10/2016). Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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